Crescent Point Energy Corp. (NYSE:CPG) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Crescent Point Energy Corp. (NYSE:CPG) (TSE:CPG) by 21.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 121,141 shares of the oil and gas producer’s stock after purchasing an additional 21,046 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Crescent Point Energy were worth $844,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Crescent Point Energy by 1.2% during the third quarter. Vanguard Group Inc. now owns 18,888,969 shares of the oil and gas producer’s stock worth $156,778,000 after buying an additional 217,234 shares in the last quarter. Ninepoint Partners LP grew its holdings in shares of Crescent Point Energy by 100.0% in the 3rd quarter. Ninepoint Partners LP now owns 16,000,000 shares of the oil and gas producer’s stock worth $132,800,000 after acquiring an additional 8,000,000 shares during the period. Invesco Ltd. increased its stake in Crescent Point Energy by 2.1% in the 3rd quarter. Invesco Ltd. now owns 5,309,589 shares of the oil and gas producer’s stock valued at $44,070,000 after purchasing an additional 110,526 shares in the last quarter. American Century Companies Inc. raised its holdings in Crescent Point Energy by 12.1% during the third quarter. American Century Companies Inc. now owns 3,585,348 shares of the oil and gas producer’s stock worth $29,723,000 after purchasing an additional 387,650 shares during the last quarter. Finally, Scotia Capital Inc. raised its holdings in Crescent Point Energy by 3.6% during the third quarter. Scotia Capital Inc. now owns 3,193,645 shares of the oil and gas producer’s stock worth $26,452,000 after purchasing an additional 111,016 shares during the last quarter. 49.37% of the stock is currently owned by hedge funds and other institutional investors.

Crescent Point Energy Stock Up 1.9 %

Crescent Point Energy stock opened at $9.24 on Tuesday. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 13.20 and a beta of 2.23. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.76 and a current ratio of 0.76. Crescent Point Energy Corp. has a fifty-two week low of $6.03 and a fifty-two week high of $9.28. The stock’s fifty day moving average is $8.02 and its two-hundred day moving average is $7.37.

Crescent Point Energy (NYSE:CPG) (TSE:CPG) last issued its quarterly earnings data on Thursday, February 29th. The oil and gas producer reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.11). The business had revenue of $743.70 million during the quarter, compared to analyst estimates of $752.25 million. Crescent Point Energy had a net margin of 15.40% and a return on equity of 13.27%. Analysts predict that Crescent Point Energy Corp. will post 1.17 EPS for the current fiscal year.

Crescent Point Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were paid a dividend of $0.086 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.72%. This is a boost from Crescent Point Energy’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, March 14th. Crescent Point Energy’s dividend payout ratio (DPR) is 48.57%.

Crescent Point Energy Company Profile

Crescent Point Energy Corp. explores, develops, and produces oil and gas properties in Canada and the United States. The company focuses on crude oil, tight oil, natural gas liquids, shale gas, and natural gas reserves. Its properties are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota.